Over the last two decades a wealth of new observations of the moon have demonstrated a lunar water system dramatically more complex and rich than was deduced following the Apollo era. Observation from the Lunar Prospector Neutron Spectrometer (LPNS) revealed enhancements of hydrogen near the lunar poles. This observation has since been confirmed by the Lunar Reconnaissance Orbiter (LRO) Lunar Exploration Neutron Detector (LEND) instrument. The Lunar Crater Observation and Sensing Satellite (LCROSS) mission targeted a permanently shadowed, enhanced hydrogen location within the crater Cabeus. The LCROSS impact showed that at least some of the hydrogen enhancement is in the form of water ice and molecular hydrogen (H2). Other volatiles were also observed in the LCROSS impact cloud, including CO2, CO, an H2S. These volatiles, and in particular water, have the potential to be a valuable or enabling resource for future exploration. In large part due to these new findings, the NASA Human Exploration and Operations Mission Directorate (HEOMD) have selected a lunar volatiles prospecting mission for a concept study and potential flight in CY2020. The mission includes a rover-borne payload that (1) can locate surface and near-subsurface volatiles, (2) excavate and analyze samples of the volatile-bearing regolith (up to 1 meter), and (3) demonstrate the form, extractability and usefulness of the materials.